Company Profile: Austal Limited is an Australian vessel builder. The company is engaged in designing, constructing and delivering commercial and defense vessels for navies, governments and ferry operators across the world. It is majorly divided into three segments which include the USA, Australia and Philippines. The Australia and USA segment manufactures defense vehicle and provides training and on-going maintenance and support for vessels. Whereas, Philippines division manufactures aluminum commercial vessels for global markets, except for the United States. The ASX shipbuilder owns industry leading shipyards in the United States of America, Australia, and Philippines while having service centers worldwide.
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Those phrases have become increasingly common as marijuana legalization spreads.
Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.
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